Previous || Home || Next
 
Title: Worst is over for world economy: Morgan Stanley CEO

"We have seen a very robust market in the last five months," he told Reuters Television.

Mack said the capital markets were open and all asset classes now had liquid markets except for securities backed by commercial real estate assets and residential mortgage-backed securities.

Mack was asked if efforts to reform the financial system in the wake of the credit crisis were at risk because of Washington's current focus on healthcare reforms.

"Clearly the momentum has slowed down," he said, but he also said he believed financial reform was not doomed.

(Editing by Mike Nesbit)


Full article
 
Other article:
Ex-M.Stanley HK banker gets 7 years for insider trading
Worst is over for world economy: Morgan Stanley CEO
Citadel offered lenders debt for equity: report
Google revamps DoubleClick exchange
pras

Tag site

PDFCreator
Global Markets Economic
Private Capital Mergers & Acquisitions Media
World News Deals Deals